The market cap of the top 15 stocks is approaching the equivalent of 50% of US GDP. https://t.co/bK02Qimmk7
— Sven Henrich (@NorthmanTrader) July 6, 2020
S&P 500 has jumped 24% since this time last quarter adding $10T…forward valuations grew twice that rate, from 16.5x est profit to 25x. Expected S&P 500 earnings over next year fell from $150/share to $124.50 in last 3 months, fastest drop in data to 1990https://t.co/82GbZgJ5CJ pic.twitter.com/fnMnPpX0DA
— Danielle DiMartino Booth (@DiMartinoBooth) July 6, 2020
In China right now there seems to be an orchestrated campaign to boost stock market. But, as @ajb_powell points out, it is not really that different in the US. https://t.co/98xeFLsVuO pic.twitter.com/CMDsgPACxl
— Adam Tooze (@adam_tooze) July 6, 2020
AXIOS. From February to the end of June, total assets held by the three major central banks (ECB, Fed, BOJ) soared $5.6 trillion to a record $20.1 trillion — with the Fed now holding over $7 trillion, data from Yardeni Research sho…https://t.co/OCNXGfsXUl https://t.co/RnvqUFvBbc
— Yardeni Research (@yardeni) July 6, 2020
Earnings vs Capex in the USA. pic.twitter.com/OliOFFtkLG
— Lord Polemos (@LordPolemos) July 6, 2020
It only takes 10 Trillion to pump the market up without real momentum 🙂 pic.twitter.com/Rat23nKczk
— David Larew (@ThinkTankCharts) July 5, 2020
On March 9, 2009, the combined market cap of Apple, Microsoft, Google (Alphabet), and Amazon was $326 billion.
Their combined market cap today: $5.77 trillion, up more than 17x since 3/9/09.$AAPL $MSFT $GOOGL $AMZN
Data/Chart via @ycharts pic.twitter.com/LRfxqBm0PV
— Charlie Bilello (@charliebilello) July 6, 2020
— zerohedge (@zerohedge) July 6, 2020
Amazon + Microsoft: $3.1T*
France GDP: $2.9T
India GDP: $2.8T
Italy GDP: $2.0T
Brazil GDP: $1.9T
S Korea GDP: $1.7T
Russia GDP: $1.7T
Canada GDP: $1.7T
Australia GDP: $1.4T
Mexico GDP: $1.3T*Equity market capitalization.
Via @BearTrapsReport
— Lawrence McDonald (@Convertbond) July 6, 2020
SPYG – another way to own the FAAMNG stocks – just buy, buy, buy until this puppy blows – If you buy like something else, Warren will buy it and it will blow up, so stick with the FAAMNG inverted V recovery. LOL pic.twitter.com/O8I9zpNnDm
— David Larew (@ThinkTankCharts) July 6, 2020